Known as a faster and easier alternative to traditional bank transfers, this casino payment method is one of the most popular options for deposits and withdrawals in the Netherlands. It facilitates casino transactions without compromising on safety, and this guide will take you through how it works, the pros and cons associated with iDeal and how it can potentially benefit you as a casino gambler.
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About iDeal Casino Payment Method
The iDeal payment platform was originally created by a company named Currence, and it has been around since 2005. In the Netherlands, it is estimated that an impressive 80% of all internet transactions are made using iDeal, and it is one of the most popular casino payment methods among those who are eligible to use it.
Anyone who has a bank account with one of the eligible Dutch banks can use iDeal as a casino payment option, provided your chosen casino offers it as one of its available payment methods. Below are a few examples of the banks currently collaborating with iDeal.
These are only a few examples, but it is important to note that iDeal is only available in the Benelux countries and to those with an account at one of the participating Dutch banks. If this applies to you, then you have the opportunity to use a payment service that is fast, incredibly secure and—perhaps best of all—free from additional fees.
It is hard to tell if iDeal might become more widely available in the future, as the service was created by a Dutch company and is adapted to the Dutch market and banks, but it is worth noting that Trustly is a very similar service that is accepted around Europe and in a few other locations, and you might want to check it out if you are not eligible to use iDeal.
How iDeal Works
When you make casino transactions with iDeal, you are essentially using an improved version of a regular bank transfer. Bank transfers are very secure, but the downside is that they can take a long time to go through, and you might have to wait for your money both when making deposits and withdrawals.
What makes iDeal so optimal for casino play is that it eliminates the wait, and it allows you to use the regular bank transfer steps and still have your money where you want it within a few seconds. Forget about waiting days to see your casino withdrawal reflected on your bank account, and instead, enjoy your money after only a minute or two.
There are no additional fees to use iDeal, and this is something that comes as a bit of a surprise to many gamblers! Is there really no catch? The quick answer is no! The iDeal platform makes its own money in other ways, and they don’t need to charge their users anything extra when making transactions.
No account is needed for iDeal users, as the service works in collaboration with your own bank account. This is great news for those who are tired of signing up for accounts after accounts, or who struggle to remember additional passwords and login information. With iDeal, all you need is an account with a participating bank.
It couldn’t be easier to make deposits with iDeal, and this is the case for every casino that allows their players to use iDeal. Head over to the Payment or Banking page and choose ‘iDeal’ as your preferred payment method. The casino will then redirect you to your own internet bank where you follow the usual payment steps.
As part of the iDeal features, you also go through a second step of verification after you type in the amount you wish to deposit, and this helps you stay and provides an additional security measure when you gamble at new casino sites.
It only takes a few seconds for your money to appear on your casino account, and you’ll be ready to start gambling in absolutely no time. It is fast, secure and very accessible, as long as you have a bank account with an affiliated bank.
The withdrawal process is very similar to making a deposit, and you follow the same steps when you wish to withdraw your winnings. Don’t forget to make sure you’ve complied with any existing wagering requirements in case you have accepted a casino bonus, as these could prevent you from enjoying your cash just yet.
Go back to the casino banking page, type in the amount you wish to withdraw, follow the instructions once redirected to your bank and that’s it! Your money will be back on your bank account in no time, and it is one of the fastest ways to withdraw money from an online gambling site. Few other payment methods have withdrawals as quick and secure.
While this is a bigger issue when using iDeal for other types of purchases and transactions, and not necessarily for casino play, it is still important to be aware. You might be used to services like PayPal, where you can dispute a transaction and possibly have it reversed if you would change your mind or if the receiver would fail to follow through with sending out a product or providing a service? This isn’t the case with iDeal.
Payments and purchases made with iDeal cannot be reversed or stopped, and once the payment is approved, it’s gone. As a result, it is very important to double-check that you have typed in the right amount when making a casino deposit or any other type of purchase, to avoid errors or irreversible mistakes.
iDeal Casino Bonus
A concern many online gamblers have is whether their chosen payment method will make them eligible for a casino bonus. The truth is, welcome bonus packages can give your casino payroll a real boost, and who wouldn’t want to be part of cashback programs and get the occasional deposit bonus or beneficial free spins?
With iDeal, you have nothing to worry about. You might have heard that e-wallets like Skrill and Neteller can sometimes have restrictions when it comes to casino bonuses, but that isn’t the case with iDeal. It is always best to have a quick look at the casino’s terms and conditions, just in case they have additional restrictions.
iDeal Safety Features
The benefit that comes with using iDeal is the safety that comes with it. As you know, bank transfers are some of the safest ways to make casino deposits and withdrawals, and iDeal comes with all of that—the safety standards of your bank, plus the additional safety features provided by the iDeal platform.
The two-factor verification comes in handy in the digitised world of today, where more internet threats are present than ever before, and it makes iDeal the perfect option for someone who takes their gambling seriously.
FAQ
Anyone who has an account with one of the affiliated banks can make casino transactions with iDeal. The list of affiliated banks include most bigger Dutch banks, such as Rabobank, SNS Bank and Triodos Bank. Check with your bank or use the iDeal website if you are unsure of whether your bank makes you eligible to use the service.
No, far from all online casinos accept iDeal payments, but most of the sites that are popular in the Netherlands and surrounding areas do, as this is one of the most popular payment methods in the country among those who shop and pay for services online.
When you make your casino deposits and withdrawals with iDeal, you benefit both from the security features of your own bank, as well as the iDeal security standards. You get two-step verification and the tranquility of knowing that your payment information won’t be shared with the online gambling site.
There may be some casinos that don’t allow withdrawals with iDeal, but that would be a decision made by the individual casino, as the payment platform itself does allow casino withdrawals. In most cases, you can both deposit and withdraw money with iDeal.
Unfortunately, iDeal isn’t yet available internationally, and it is restricted to certain areas. In theory, the platform doesn’t have location restrictions, but you need to have a bank account with one of the affiliated Dutch banks which significantly restricts its target user group.
A casino may set their own maximum deposits or an upper limit for how much you are allowed to deposit at once, but this is not directly related to iDeal and strictly at the discretion of each individual casino site.
The iDeal platform does not have any set minimum or maximum withdrawal amounts for casino players, but a casino site may have their own, which will affect how much money you can transfer (one way or the other) at a time or within a set timeframe.
No, iDeal does not charge their users any additional fees on deposits or withdrawals. Charges set by your bank or by the casino may apply, but iDeal itself is free from fees.
iDeal Pros & Cons
One of the most important things when gambling online and when gambling responsibly is finding a payment method that you’re comfortable with and that can be considered safe. We have already established that iDeal offers its users excellent security measures where you have nothing to worry about, and it is now time to determine if you could personally benefit from using iDeal.
To help you do this, we’ve put together a quick list of some of the most prominent pros and cons associated with iDeal, based on the assumption that you plan to use the service to fund your online casino gambling.
Pros
Cons
For those who are able to use iDeal, the pros outweigh the cons, but it comes down to what type of payment method you tend to prefer. Do yourself a favour and compare a few different options until something feels right.
iDeal Alternatives
Let’s face it, iDeal isn’t available to everyone, and even if you have the opportunity to use it—perhaps you are looking for something a little different. Comparing the service to other casino payment options can also help you determine whether it is convenient to you, or if you are better off choosing a different casino deposit alternative.
We are going to compare iDeal to four other casino payment services to provide a better overview, and we will start with a brief introduction to each one, followed by a comparison of all five. In the end, it is up to each player to decide how they prefer to make their casino deposits and withdrawals.
VISA, Mastercard and other bank cards are some of the most common payment methods at online casinos, but in the Netherlands, iDeal is now more popular when gambling online. With a bank card, you need to type in your card number whenever you wish to make a deposit, and the transactions usually come with fees.
The payment service Trustly is mostly used in Europe and Canada, and it is similar to iDeal in a sense that it also facilitates regular bank transfers. You just choose Trustly in the list of casino payment options, and then log into your internet bank as usual. Transfers with Trustly are faster, cheaper and safer than standard wire transfers.
E-wallets like Skrill share some similarities with iDeal thanks to also protecting the player’s personal information and payment data. They work as an electronic wallet you can store funds in, or use as a middle man when making your casino transfers. To deposit or withdraw, you just need to use your login information. Other examples are Neteller and PayPal.
With Apple Pay, you use your mobile device to transfer money to online casinos. This payment method is only available to iOS users, and cannot be used for withdrawals anywhere online. The Android counterpart is Google Pay, which works similarly but is designed for Android users.
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Out of the payment methods chosen for this comparison, the most similar option in terms of function, fees and more is Trustly, but you might also benefit from using an e-wallet if you want to keep your payment information away from the casino.
Conclusion
With iDeal, Dutch bank account holders get the opportunity to make swift and hassle-free casino transactions, and the good news doesn’t stop there. Not only do you get instant transactions that effortlessly move your money to online casinos and back, but you also get a payment method that is free from any additional fees.
At the moment, iDeal is only available in a very small part of the world, which means the majority of casino players might not be able to use it. However, if you are located in the Netherlands and/or have an account with one of the banks that participate in the iDeal program, then you have a top payment method at your disposition.
This payment method has some similarities to services like Trustly, where the purpose is to provide users with an easier way to make bank transfers. It is considered highly secure and it is a great option for someone who is looking for convenience when it comes to online casino play.